Settlement with Department of Financial Services – dated 18 November 2015
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Barclays announces settlement with New York State Department of Financial Services regarding foreign exchange electronic trading
Barclays Bank PLC has today reached a settlement with the New York State Department of Financial Services ("DFS") in respect of its investigation into Barclays' electronic trading of foreign exchange ("FX") and FX electronic trading systems in the period 2009 to 2014. The DFS is imposing a civil monetary penalty of $US150 million on Barclays Bank PLC, primarily for certain internal systems and controls failures.
The civil penalty payable under the settlement will be reflected in Barclays' Q4 2015 results.
Barclays continues to co-operate with other ongoing investigations and to manage related litigation risks as previously disclosed.
For further information please contact:
Investor Relations
Media Relations
Kathryn McLeland
Tom Hoskin
+44 (0) 20 7116 4943
+44 (0) 20 7116 6927
About Barclays
Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way.
With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.home.barclays
